In October railroad transportation of ferrous metals in Russia totaled 6.1 million tons, down by 1.1% YoY. Deliveries to the domestic market reached 3.53 million tons, down by 0.6%. Exports grew by 1.2%, to 2.18 million tons, while imports dropped by 17.8%, to 317.6 thousand tons. In January-October ferrous metals railroad transportation increased by 8.1%…
DetailsIn January-September Nordgold produced 675.9 thousand ounces of gold, down by 6% YoY. Gold sales earned the company $857.9 million, down by 5%. EBITDA dropped by 9%, to $345.5 million. Net profit decreased by 4%, to $109.2 million. The company has cut its 2018 output forecast from 950-1000 thousand ounces to 900-950 thousand ounces of…
Details300 million UAH, provided to the coal industry by the Cabinet of Ministers on October 24, were transferred to the accounts of the coalmining enterprises. The miners have already started receiving their salary. At the same time, this will only cover a part of the salary debts. For example, Lisichanskugol mines received 62 million UAH,…
DetailsIn January-October Kazakh manufacturers increased prices by 16.4% YoY. The largest growth was witnessed in the mining industry – by 24.6%. In particular, coal prices grew by 10%, and metal ore – by 2.8%, In metal industry ferroalloys increased in price by 19%, and rolled ferrous metals by 18.2%. At the same time lead became…
DetailsIn January-September Polyus received $2141 million of revenue, up by 8% YoY. Corrected net profit grew by 34%, to $1035 million. Capital expenditures went up by 4%, to $547 million. At the same time investments in the Natalka deposits development dropped by 35%, to $186 million. Investments in the Kuranakh deposits also decreased – by…
DetailsThe ministers of investment and development, national economy and finances have signed a joint decree “On some issues of ferrous and non-ferrous metals scrap and waste transportation”. According to the decree, the transportation of scrap, as well as rails, pipes, and used railroad and wagon components, except for the scrap of alloyed steel is prohibited…
DetailsDneprovsky Iron and Steel Combine has started capital repairs of the converter No. 1 with the replacement of the waste-heat boiler. The length of the repair is expected to be 55 days, while usually it takes 80 days. The repair will be carried out under an agreement to improve environment in town of Kamenskoye. The…
DetailsVysochaishiy has won an auction to prospect, develop and mine gold ore at the Svetlovskoye ore field site in Irkutsk region. The R1 resources of the site are estimated at 61 tons, and R2 – 59 tons. In 2017 Vysochaishiy produced 225 thousand ounces of gold, having become the 7th largest gold-processing enterprise in Russia.…
DetailsCherepovets Iron and Steel Works has entered the active phase of the cutup machine No. 4 reconstruction. The cost of the investment project is some 400 million rubles. The project will see the replacement of the old plate straightener and flying shears with the new-generation machinery, as well as addition of another straightener. The new…
DetailsLebedinsky Mining and Processing Works has successfully passed the re-certification audit of the quality management system. Its correspondence to ISO 9001:2015 has been confirmed by the auditors of the British Standards Institution. As the result of the inspection, it was decided to extend the validity of the company certificate for 3 years. LGOK certified its…
DetailsVirdy Bikram, the ArcelorMittal Kiriviy Rih deputy CEO on procurement, has been appointed the chairman of ArcelorMittal Berislav.
The decision was taken at the supervisory board meeting on November 6.
Moreover 4 board members have been re-elected for a new term. (Ukrainian metal)
Uzmetkombinat JSC, the Uzbek metallurgical plant, intends to implement 13 projects worth a total of $474.5 million in 2018-2022. The government of Uzbekistan issued a “Decree on measures for the implementation of investment projects and the effective use of objects of Uzmetkombinat JSC”. In particular, the company intends to build a casting and rolling complex…
DetailsIn January-September Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both parts of Group DF, increased ilmenite concentrate output 1.98-fold, to 107 thousand tons. Ilmenite ore mining grew by 91%, to 2.1 million cubic meters. Thanks to the output growth the companies were able to increase average salary by 25%, to 12 thousand UAH. Since the…
DetailsAn employee of the pipe-rolling shop at Interpipe Nizhnedneprovsk Pipe Works received a fatal injury. According to the State Labor Service, he violated operational instructions and without switching off the straightening machine got into a spindle rotation zone. The accident happened on November 6. According to the State Labor Service, in 2017, 4.313 thousand people…
DetailsPrices of precious metals varied in Azerbaijan on November 8, according to the data published by the Central Bank. The price of gold decreased by 10.387 manats, to 2,080.0945 manats per ounce on November 8 compared to the price on November 7. The price of silver fell by 0.0963 manats, to 24.7105 manats per ounce.…
DetailsIn 3 days two employees of Metinvest works in the city of Mariupol – Azovstal and Mariupol Ilyich Iron and Steel Works – have perished, while one more has been seriously injured. On November 6 an employee of the Azovstal converter shop was found dead. The reason of his death is unknown. On November 5…
DetailsBeloretsk Iron and Steel Works has passed the inspection of the rebar wire and strands manufacture for the compliance with the construction norms. The certificate allows the company to supply its rebars to Slovakia. The inspection has been carried out by Technicky a Skusobny Ustav Stavebny (TSUS). The inspection covered the rebar wire with the…
DetailsThe world demand for steel in 2018 will grow by 2.1% YoY, to 1.643 billion tons, according to Severstal. China will account for 766 million tons, and the rest of the world for 877 million tons. In 2019 the demand growth will slow down to 1.5%, to 1.667 million tons. Demand growth in Russia in…
DetailsIn October Tulachermet produced 211327 tons of pig iron, up by 12327 tons from the plan. Coke usage dropped by 12.8 kg per ton, to 489.2 kg per ton. The October output has become record-high with the operation of only 2 blast furnaces. The previous record of 211102 tons was set in December 2017. Such…
DetailsEnergomashspetsstal has produced and supplied 4 back-up rolls weighing 77 tons to Essar Steel.
The contract for the manufacture of rolls was signed in March 2017.
The rolls will be used on hot- and cold-rolling strip mills.
The companies have been cooperating for over 5 years. (Ukrainian metal)
In January-September Russky Ugol (Russian Coal) increased coal sales from the Sayano-Partizansky pit by 16%. Sales from the Amur region grew by 5%. Thus coal shipments from the pit in Krasnoyarsk region increased by 100 thousand tons YoY, to 748 thousand tons. Over 75% of coal was exported. This year it is planned to mine…
DetailsSiberian Coal Energy Company (SUEK) plans to hold an initial public offering (IPO), but has no specific timing, Chairman of the board of directors Alexander Landia said. “That’s our plan, be prepared. Because the market is quite volatile. If there is an attractive opportunity, we will be seriously looking at that,” he said and added…
DetailsGazprom has ordered TMK the delivery of 255.01 thousand tons of large diameter pipes valued at around 21.5 billion rubles.
The purchase documentation says that according to the order of Gazprom, an auction is not necessary when buying goods or services from the sole supplier. (Ukrainian metal)
The covered aqua-park “Lazurniy” is being constructed in the village of Razumnoye.
So far Belenergomash-BZEM has supplied 350 tons of metal structures to the construction site, of which 300 tons have already been assembled.
The aqua-park will become one of the attractions of the Belgorod region. (Ukrainian metal)
Pobuzhye Ferronickel Plant has started assembling the third stage of gas purification for the tubular rotary kilns Nos. 1 and 2. The project started in 2016. So far $1.8 million have been invested, including $600 thousand in 2017 and $1.2 million this year. The project will be completed in 2-3 years. Its total cost is…
DetailsPobuzhye Ferronickel Plant has purchased two MAZ trucks with the lifting capacity of 25 tons. The cost of each machine is 2.5 million UAH. They will replace BelAZs with the lifting capacity of 35-40 tons. “We plan to buy 10 new trucks. We’ll see how these 2 trucks prove themselves, and then decide”, the company…
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